Jabil Inc. (NYSE:JBL) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in shares of Jabil Inc. (NYSE:JBL) by 14.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,194 shares of the technology company’s stock after selling 4,950 shares during the quarter. Corient Private Wealth LLC’s holdings in Jabil were worth $4,057,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBL. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Jabil during the 3rd quarter worth approximately $365,000. PNC Financial Services Group Inc. grew its position in Jabil by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock valued at $4,282,000 after acquiring an additional 1,013 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in Jabil in the third quarter valued at approximately $5,434,000. Larson Financial Group LLC grew its position in Jabil by 45.0% in the third quarter. Larson Financial Group LLC now owns 2,444 shares of the technology company’s stock valued at $293,000 after acquiring an additional 758 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Jabil by 2.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,833 shares of the technology company’s stock valued at $1,658,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday. Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Friday. The Goldman Sachs Group increased their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, UBS Group increased their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average price target of $167.50.

Jabil Stock Performance

Shares of JBL opened at $145.02 on Friday. The business’s fifty day moving average price is $155.96 and its 200 day moving average price is $138.15. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a market capitalization of $15.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period last year, the business posted $1.68 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Insider Buying and Selling at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by insiders.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).